Daily Practice · GCSE Business
May 2003 5-a-day
Every sheet in May 2003
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st May 2003Explain what chain of command means.
- 2nd May 2003State the difference between a wage and a salary.
- 3rd May 2003Define computer-aided manufacture (CAM).
- 4th May 2003Explain why rising unemployment during a recession can reduce a business's sales.
- 5th May 2003Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 6th May 2003A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 7th May 2003Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 8th May 2003Define e-commerce and give one benefit for a small business.
- 9th May 2003Explain how stock control software reduces costs.
- 10th May 2003Identify which type of ownership structure allows a business to raise finance by selling shares privately to a small number of investors.
- 11th May 2003Explain why determination matters when starting a new business.
- 12th May 2003State one reason shareholder and employee interests can conflict.
- 13th May 2003Define risk in the context of enterprise.
- 14th May 2003A business leases a delivery van instead of buying it. Give one advantage of leasing over buying.
- 15th May 2003Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
- 16th May 2003State the difference between recruitment and selection.
- 17th May 2003Identify one item typically found in a job description.
- 18th May 2003State what the National Minimum Wage and National Living Wage are.
- 19th May 2003State one area of business legislation.
- 20th May 2003State one reason a sample of 20 people, all surveyed outside the same shop, might produce unreliable data.
- 21st May 2003Why is cash flow often negative during the introduction stage?
- 22nd May 2003State one risk of a poorly judged brand extension.
- 23rd May 2003Define supply chain.
- 24th May 2003Why does higher productivity usually reduce unit cost?
- 25th May 2003Give one way rising consumer confidence in a boom might affect a business's decisions.
- 26th May 2003Give one disadvantage of relying only on secondary market research.
- 27th May 2003Identify one external stakeholder who might ask to see a business plan before providing finance.
- 28th May 2003What is overtrading?
- 29th May 2003What is the difference between a cash inflow and a cash outflow?
- 30th May 2003A business's contribution per unit is 10 pounds and its fixed costs are 5,000 pounds. Calculate its break-even output.
- 31st May 2003State the difference between training and development.